Summary
Bitcoin and Ethereum have recovered from last-minute volatility ahead of the BTC halving, with Bitcoin up 1.6% at $66,000. Transaction fees soared briefly post-halving due to the Runes protocol. Bitcoin is currently at a strong support level, while Ethereum has bounced back above $3,000. Hong Kong has conditionally approved spot ETFs for both assets, potentially bringing $25 billion in new liquidity to the market. Subscribe to Alpha Reports for exclusive insights on airdrops, NFTs, and more.
Key Points
1. Bitcoin price is up 1.6% in the past day, hovering around $66,000 after reclaiming that milestone for the first time in a week.
2. Bitcoin transaction fees soared to an all-time high of $127 after the block reward halving, largely due to the launch of the Runes protocol.
3. Ethereum bounced back above $3,000 and has maintained that price level throughout the weekend, sitting just above $3,200 at the time of writing.